Insurance Surveys
NIMA Marine provides professional insurance surveys for yachts and small craft throughout Southern Ontario.
An Insurance Survey, often referred to as a Condition & Valuation Survey, provides insurers with an independent assessment of a vessel’s condition, maintenance status, safety equipment, and fair market value.
What is an Insurance Survey?
Insurance companies often require a marine survey when:
- Insuring a vessel for the first time
- Renewing coverage on an older vessel
- Changing insurers
- Increasing coverage limits
- Confirming vessel condition following major repairs or modifications
The survey provides underwriters with an objective assessment of the vessel’s overall condition and identifies any deficiencies that may affect safety, value, or insurability.
What's Included?
- Hull and structural assessment
- Deck and superstructure inspection
- Propulsion and steering systems
- Electrical systems
- Plumbing systems
- Safety equipment inspection
- Navigation equipment review
- General maintenance assessment
- Photographic documentation
- Fair Market Value assessment
- Replacement Cost estimate
- Recommendations and deficiencies
Benefits of an Insurance Survey
- Helps satisfy insurance requirements
- Documents vessel condition
- Helps prioritize maintenance
- Identifies safety concerns
- Supports accurate valuation
- May prevent delays in policy issuance or renewal
Who This Service Is For?
- Recreational vessel owners
- Yacht owners
- Commercial small craft operators
- Vessel purchasers requiring insurance
- Owners renewing insurance on older vessels
Why NIMA Marine?
NIMA Marine provides independent marine surveys tailored to the needs of vessel owners, insurers, brokers, and marine stakeholders.
As a sole proprietor, every survey is conducted directly by Nico Grové, ensuring consistency, accountability, and clear communication throughout the process.
Membership in the International Institute of Marine Surveying (IIMS) and The Society of Consulting Marine Engineers and Ship Surveyors (SCMS) reflects an ongoing commitment to professional standards and continuing development.
Service Area
Insurance surveys are available throughout Southern Ontario, including Lake Erie, Lake St. Clair, Lake Huron, and surrounding inland waterways.
Related Services
Need an Insurance Survey?
Whether you’re arranging new coverage, renewing an existing policy, or satisfying underwriter requirements, NIMA Marine can help.
